How could the GDP not be flying along supported by an additional $1 trillion in govt debt every 100 days?
From CNBC:
The U.S. national debt is rising by $1 trillion about every 100 days
Mar 1, 2024 · The debt load of the U.S. is growing at a quicker clip in recent months, increasing about $1 trillion nearly every 100 days. The nation’s debt permanently crossed over to $34 trillion on Jan...
The "morning after" timing and handicapping shock risk is a worry that won't go away. "Who will be lenders when all will be borrowers?" is not a new question and still has no good answer. We saw Greenspan at 1% to start 2004 and that took years of bad behavior in risk assessment before the fuse ran out (2008). Now the same question around behavior in Washington on how to address it. Bad behavior on Wall Street was to be expected.
The problem is we all expect different things from different vantage points from the meatheads in DC. That makes resolution pretty remote as a probability. I reread that book March of Folly not too long ago. Did not end well across history. Investors still have money to invest and a job to do. Wish Washington agreed on what their jobs even are! They are not the brightest bulbs or getting any Chapters in Profiles in Courage.
How could the GDP not be flying along supported by an additional $1 trillion in govt debt every 100 days?
From CNBC:
The U.S. national debt is rising by $1 trillion about every 100 days
Mar 1, 2024 · The debt load of the U.S. is growing at a quicker clip in recent months, increasing about $1 trillion nearly every 100 days. The nation’s debt permanently crossed over to $34 trillion on Jan...
The "morning after" timing and handicapping shock risk is a worry that won't go away. "Who will be lenders when all will be borrowers?" is not a new question and still has no good answer. We saw Greenspan at 1% to start 2004 and that took years of bad behavior in risk assessment before the fuse ran out (2008). Now the same question around behavior in Washington on how to address it. Bad behavior on Wall Street was to be expected.
The problem is we all expect different things from different vantage points from the meatheads in DC. That makes resolution pretty remote as a probability. I reread that book March of Folly not too long ago. Did not end well across history. Investors still have money to invest and a job to do. Wish Washington agreed on what their jobs even are! They are not the brightest bulbs or getting any Chapters in Profiles in Courage.